23 October 2017 07:31AM

Syarikat Takaful Malaysia - Family Takaful Continues To Drive Earnings

STMB’s earnings rebounded by 8.3% QoQ in 3Q17, driven by a higher contribution from its family takaful segment. Its general takaful unit,however, saw its underwriting deficit double to MYR5.5m on higher claims incurred. While we continue to like the company’s dominant presence in the takaful segment, we see downside risks from heightened competition in the face of detariffication and management’s guidance for slower growth...

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